$ETH is getting close to the $3K conversation — but one chart still needs to confirm it.
The setup is getting interesting.
ETH has been putting together a strong move, while open interest has climbed back toward $30B and long positioning remains heavily skewed. Institutional flows and reported whale accumulation are adding to the bullish backdrop as well.
But I’m watching ETH/BTC more closely than anything else here.
The ratio just printed its highest weekly close in eight months, yet 0.03 remains the key resistance. It has already rejected around this area multiple times, so this is where the next real test sits.
A clean break above 0.03 would show that ETH is actually gaining relative strength against BTC, rather than simply riding the broader crypto move.
That’s the confirmation I want to see.
If ETH/BTC breaks and holds above 0.03, the path toward $3K becomes technically much more convincing. If it gets rejected again, all those crowded long positions suddenly become a vulnerability.
ETH looks strong.
ETH/BTC 0.03 is the level that needs to prove it.
Reuters' recent technical analysis also identified a potential ETH target around $3,050 after a bull-flag breakout, while noting key downside levels around $2,560–$2,565.
#eth
The setup is getting interesting.
ETH has been putting together a strong move, while open interest has climbed back toward $30B and long positioning remains heavily skewed. Institutional flows and reported whale accumulation are adding to the bullish backdrop as well.
But I’m watching ETH/BTC more closely than anything else here.
The ratio just printed its highest weekly close in eight months, yet 0.03 remains the key resistance. It has already rejected around this area multiple times, so this is where the next real test sits.
A clean break above 0.03 would show that ETH is actually gaining relative strength against BTC, rather than simply riding the broader crypto move.
That’s the confirmation I want to see.
If ETH/BTC breaks and holds above 0.03, the path toward $3K becomes technically much more convincing. If it gets rejected again, all those crowded long positions suddenly become a vulnerability.
ETH looks strong.
ETH/BTC 0.03 is the level that needs to prove it.
Reuters' recent technical analysis also identified a potential ETH target around $3,050 after a bull-flag breakout, while noting key downside levels around $2,560–$2,565.
#eth
